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Paris Visitor & Convention Council
<br />Budget to Actual, Year to Date
<br />Modified Cash Basis
<br />For the 11 Months Ended August 31, 2019
<br />11 Months Ended
<br />11 Months Ended
<br />Aug 31, 2019
<br />Aug 31, 2019
<br />Variance
<br />% of Budget Annual Budget
<br />Actual
<br />Budget
<br />Revenue
<br />Hotel / Motel Occupancy Tax
<br />$ 675,129.41
<br />$ 640,000.00
<br />$ 0.00
<br />0.00% $
<br />640,000.00
<br />ABBS Wage Relmburement
<br />w __ 1,632.56
<br />0.00
<br />35,129.41
<br />105.49%
<br />_ _ 0.00
<br />Total Revenue
<br />676761.97
<br />640 000.00
<br />__
<br />36,761.97
<br />105.74%
<br />640 000.00
<br />Operating Expenses
<br />Utilities
<br />34.56
<br />0.00
<br />34.56
<br />0.00%
<br />0.00
<br />Training / Education
<br />130.00
<br />1,834.00
<br />(1,704.00)
<br />7.09%
<br />2,000.00
<br />Postage
<br />572.06
<br />1,375.013
<br />(802.94)
<br />41.60%
<br />1,500.00
<br />Misc Expenses
<br />313.21
<br />2,291.00
<br />(1,977.79)
<br />13.67%
<br />2,500.00
<br />D & O Insurance
<br />1,435.33
<br />2,800.00
<br />(1,364.67)
<br />51.26%
<br />2,800.00
<br />Worker's Comp
<br />707.33
<br />21000,00
<br />(1,292.67)
<br />35.37%
<br />2,000.00
<br />Staff Ins./Retirement
<br />6,914.35
<br />9,167.00
<br />(2,252.65)
<br />75.43%
<br />10,000.00
<br />Meetings & Hosting
<br />1,198.78
<br />2,750.00
<br />(1,551.22)
<br />43.59%
<br />3,000.00
<br />Chamber Management
<br />40,000.00
<br />40,000.00
<br />0.00
<br />100.00%
<br />40,000.00
<br />Small Equipment
<br />0.00
<br />917.00
<br />(917.00)
<br />0.00%
<br />1,000.00
<br />Out of Town Travel
<br />1,406.12
<br />4,584.00
<br />(3,177.88)
<br />30.67%
<br />5,000.00
<br />Intown Auto/Exp Allowance
<br />2,200.00
<br />4,584.00
<br />(2,384.00)
<br />47.99%
<br />5,000.00
<br />Membership Dues/Sub.
<br />5,024.50
<br />4,000.00
<br />1,024.50
<br />125.61 %
<br />4,000.00
<br />Audit
<br />1,850.00
<br />2,000.00
<br />(150.00)
<br />92.50%
<br />2,000.00
<br />Bookkeeping
<br />4,367.16
<br />4,125.00
<br />262.16
<br />106.36%
<br />4,500.00
<br />Payroll Expenses
<br />72,033.18
<br />73,334.00
<br />(1,300.82)
<br />98.23%
<br />80,000.00
<br />Payroll Tax Expense
<br />5,633.54
<br />5,610.00
<br />23.54
<br />100.42%
<br />6,120.00
<br />Office Expense
<br />291.24
<br />3,867.00
<br />(3,375.76)
<br />7.94%
<br />4,000.00
<br />Communications
<br />1,000.87
<br />2,750.00
<br />(1,749.13)
<br />36.40%
<br />3,000.00
<br />Furniture & Fixtures
<br />0.00
<br />1,000.00
<br />(1,000.00)
<br />0.00%
<br />1,000.00
<br />Historical Museum
<br />3,500.00
<br />3,500.00
<br />0.00
<br />100.00%
<br />3,500.00
<br />Bank Service Charge
<br />230.39
<br />459.00
<br />(228.61)
<br />50.19%
<br />500.00
<br />Credit Card Fee
<br />2,039.38
<br />2,291.00
<br />(251.62)
<br />89.02%
<br />2,500.00
<br />Motel Tax Transferred to LCC
<br />337,554.70
<br />320,000.00
<br />17,564.70
<br />106.49%
<br />320,000.00
<br />Marketing / Advertising
<br />47,304.06
<br />58,667.00
<br />(11,362.94)
<br />80.63%
<br />64,000.00
<br />Event Expenses
<br />70.10
<br />184.00
<br />(113.90)
<br />38.10%
<br />200.00
<br />Chaparral Square Dancers
<br />1,541.18
<br />500.00
<br />1,041.18
<br />308.24%
<br />500.00
<br />Paris Art & Wine Fest Exp
<br />1,500.00
<br />0.00
<br />1,500.00
<br />0.00%
<br />0.00
<br />Tour de Paris. Exp
<br />29,330.89
<br />32,500.00
<br />(31169.11)
<br />90.25%
<br />32,500.00
<br />UncleJessie's Exp
<br />1,250.00
<br />500.00
<br />750.00
<br />250.00 %
<br />500.00
<br />Lamar Co Days in Austin Exp
<br />0.00
<br />4,500.00
<br />(4,500.00)
<br />0.00%
<br />4,500.00
<br />ASA
<br />37,862.35
<br />27,000.00
<br />10,862.35
<br />140.23%
<br />27,000.00
<br />SDBA Boat Races
<br />507.90
<br />7,500.00
<br />(6,992.10)
<br />6.77%
<br />7,500.00
<br />Events Promotion / Funding
<br />28,785.02
<br />30,250.00
<br />(1,464.98)
<br />95.16%
<br />33,000.00
<br />Arts Allocation
<br />7,000.00
<br />7,000.00
<br />0.00
<br />100.00%
<br />7,000.00
<br />Baseball Field Lighting
<br />11,855.86
<br />13,333.00
<br />(1,477.14)
<br />88.92%
<br />13,333.00
<br />Pump Track
<br />50,000.00
<br />50,000.00
<br />0.00
<br />100.00%
<br />50,000.00
<br />Rent to COC
<br />11 000.00
<br />_ 111 00
<br />0.00„
<br />0.00%
<br />Total Operating Expenses
<br />716.474.06
<br />721,497.94
<br />97.09 %
<br />757,953.00
<br />Operating Income (Loss)
<br />L39,712.09)
<br />97 972.E
<br />58,259.91
<br />40.53% � 117.963.000
<br />NOT -HOT INCOME
<br />Discounts & Allowances
<br />2.48
<br />1,834.00
<br />(1,831.52)
<br />0.14%
<br />2,000.00
<br />Trolley
<br />1,800.00
<br />4,584.00
<br />(2,784.00)
<br />39.27%
<br />5,000.00
<br />ASA Booth Rentals
<br />500.00
<br />0.00
<br />500.00
<br />0.00%
<br />0.00
<br />Tour de Paris Income
<br />51,109.00
<br />45,000.00
<br />6,109.00
<br />113.58%
<br />45,000.00
<br />Souvenir Sales
<br />7,151.67
<br />11,000.00
<br />(3,848.33)
<br />65.02%
<br />12,000.00
<br />Interest Income
<br />525.33
<br />137.50
<br />387.83
<br />382.06% __
<br />---- 150.00
<br />Total Not -Hot Income
<br />61,088.48
<br />62,555.50
<br />1,467.02)
<br />97.66%
<br />64,150.00
<br />NOT -HOT EXPENSES
<br />Trolley Driver
<br />630.00
<br />1,834.00
<br />(1,204.00)
<br />34.35%
<br />2,000.00
<br />Trolley Expenses
<br />17,092.05
<br />5,500.00
<br />11,592.05
<br />310.76%
<br />6,000.00
<br />Trolley Insurance
<br />1,787.68
<br />1,925.00
<br />(137.32)
<br />92.87%
<br />2,100.00
<br />Souvenir Exp
<br />5,848.60
<br />4,584.00
<br />(137.32)
<br />92.87%
<br />5,000.00
<br />Misc NH Expense
<br />8,455.72
<br />0.00
<br />8,455.72
<br />0.00%
<br />0.00
<br />Total Not -Hot Expenses
<br />33,814.05
<br />13,843.00
<br />_18 971.05
<br />244.27%
<br />15,100.00
<br />Net Income (Loss)
<br />$ 1243766
<br />.50�
<br />49 258 m
<br />$ 36,821.84
<br />m,
<br />25.25% $ 68,903.00
<br />Financial statement preparation service provided by Malnory, McNeal & Company PC, CPAs in accordance
<br />with professional standards issued
<br />by the AICPA, substantially all disclosures ordinarily included in financial statements prepared in accordance with the income tax basis of
<br />accounting are omitted and no assurance is provided
<br />
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